Funding arb · Price arb /

VVV

all VVV markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0012%/8h= −1.3% APRpaid last 24h −0.034%

Price spread now: Derive against edgeX−0.150%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on edgeX Short on Derive

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropedgeX: Active · farm boardneeds both histories

Both sides work against this trade now: funding costs $0 a day on $10k at the current rate, and Derive is 0.150% cheaper against edgeX than usual: you would sell low and buy high (−$15 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	edgeX VVVUSDC	32.032	0.0112	pay 0.0056% / 4h	20m 26s	$80K	$334K	10x
Short	Derive VVV-PERP	31.984	0.0100	get 0.0013% / 1h	20m 26s	$2K	$1K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Derive against edgeX. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee edgeXbpFee DerivebpOrdersPrice spread, now −0.150%Rate

Funding earned: −$2.56
Price spread: −0.150% → 0.000%: −$15.02
Slippage, 4 orders: no order book: not counted
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee Derive: 3 bp × 2 orders: −$6
Net: −$32.58
Costs to cover: 0.150%
Break-even: never at this rate

Slippage unknown: edgeX: live order book, 58 min ago; Derive: no order-book sample. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy edgeX live order book, 58 min ago	0.78 bp	32.6 bp −$33	doesn't fit	doesn't fit	doesn't fit
Sell Derive no order-book sample	—	—	—	—	—

Derive: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

VVV on 33 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Kalshi KXVVVPERP	0.0000%	8h	32.014	−0.056%	$107K	$6.8M	1.7x	as long as short
Deribit VVV_USDC-PERPETUAL	0.0000%	1h	31.980	−0.161%	$91K	$23K	10x	as long as short
gTrade (Gains Network) VVV/USD	L +0.0004% / S −0.0004%	1h	32.007	−0.078%	$19K	—	150x	as long as short
Polymarket Perps VVV-USD	+0.0029%	1h	31.964	−0.212%	$146K	$1.2M	3x	as long as short
Injective VVV/USDC PERP	+0.0033%	1h	32.820	+2.461%	$2K	$1K	5.5x	as long as short
01 Exchange VVVUSD	+0.0040%	1h	31.963	−0.215%	$11K	$3K	3x	as long as short
RISEx VVV/USDC	+0.0040%	1h	31.959	−0.228%	$393K	$604K	5x	as long as short
Lighter VVV	+0.0096%	1h	31.989	−0.135%	$2.3M	$5.5M	5x	as long as short
Lighter RH VVV	+0.0096%	1h	31.969	−0.196%	$476K	$1.6M	5x	as long as short
Nado VVV-PERP	+0.0100%	1h	31.985	−0.145%	$126K	$850K	3x	as long as short

Show all 33 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Hyperliquid VVV	+0.0100%	1h	32.044	+0.038%	$74.2M	$55.5M	3x	as long as short
Aster VVVUSDT	+0.0100%	4h	31.984	−0.149%	$262K	$1.9M	10x	as long as short
Pacifica VVV	+0.0100%	1h	31.981	−0.160%	$191K	$191K	10x	as long as short
Binance VVVUSDT	+0.0100%	4h	32.006	−0.081%	$33.5M	$156.3M	25x	as long as short
Bybit VVVUSDT	+0.0100%	4h	31.988	−0.136%	$39.3M	$52.0M	20x	as long as short
OKX VVV-USDT-SWAP	+0.0100%	4h	32.000	−0.099%	$4.6M	$42.2M	20x	as long as short
Gate VVV_USDT	+0.0100%	4h	31.995	−0.115%	$10.8M	$7.5M	25x	as long as short
MEXC VVV_USDT	+0.0100%	4h	32.001	−0.096%	$6.4M	$7.1M	50x	as long as short
KuCoin VVVUSDTM	+0.0100%	4h	31.990	−0.131%	$2.0M	$2.8M	20x	as long as short
Bitget VVVUSDT	+0.0100%	4h	31.963	−0.215%	$5.8M	$8.9M	20x	as long as short
BingX VVV-USDT	+0.0100%	4h	32.003	−0.090%	—	$5.5M	—	as long as short
Variational Omni VVV	+0.0100%	4h	31.987	−0.139%	$2.1M	$183K	—	as long as short
Derive VVV-PERPshort	+0.0100%	1h	31.984	−0.150%	$2K	$1K	5x
Phemex VVVUSDT	+0.0100%	4h	32.033	+0.004%	$2.1M	$2.1M	50x	as long as short
Paradex VVV-USD-PERP	+0.0100%	8h	31.969	−0.197%	$3K	$106	5x	as long as short
Extended VVV-USD	+0.0104%	1h	31.961	−0.220%	$321K	$1.6M	5x	as long as short
Aevo VVV-PERP	+0.0104%	1h	32.001	−0.095%	$6K	$13K	3x	as long as short
edgeX VVVUSDClong	+0.0112%	4h	32.032	long leg	$80K	$334K	10x
Phoenix VVV	+0.0124%	1h	32.110	+0.244%	$56K	$299K	5x	as long as short
Backpack VVV_USDC_PERP	+0.0133%	1h	32.000	−0.099%	$123K	$360K	5x	as long as short
BloFin VVV-USDT	+0.0153%	4h	31.964	−0.212%	$1.3M	$1.8M	25x	as long as short
GMX VVV/USD [ETH-USDC]	L +0.0180% / S +0.0119%	1h	32.002	−0.094%	$579K	—	100x	as long as short
Coinbase International VVV-PERP-INTX	+0.0192%	1h	32.278	+0.768%	$242K	$1.3M	25x	as long as short